Newark-based KS Group, led by Yehuda Kotkes and Daniel Spiegel, paid $45 million to Alma Realty for four development parcels at Astoria Cove in Queens. The sites total over 609,000 buildable square feet and are slated for ground-up development. Alma, led by Efstathios Valiotis, had been marketing the parcels as part of a larger $350 million portfolio. The project has secured $300 million in financing with another $900 million expected.
Newark-based KS Group
